Deutsche Bank Reviews in New York City, NY | Glassdoor

Deutsche Bank New York City Reviews

Updated November 19, 2017
603 reviews

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New York City, NY Area

3.0
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Deutsche Bank Co-Chief Executive Officer John Cryan
John Cryan
103 Ratings

603 Employee Reviews

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Pros
  • Work life balance too good to leave (in 366 reviews)

  • Good work environment, employee development (in 170 reviews)

Cons
  • Good work life balance but you need to put in the effort to advance (in 133 reviews)

  • long hours especially in corporate finance (in 151 reviews)

More Pros and Cons

  1. "risk analyst"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Risk Analyst in New York, NY
    Former Employee - Risk Analyst in New York, NY
    Recommends
    Neutral Outlook
    No opinion of CEO

    I worked at Deutsche Bank full-time (More than a year)

    Pros

    the firm encouraged mobility within the department

    Cons

    limited training or growth opportunities


  2. Helpful (1)

    "Great for resume building and branding"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Analyst in New York, NY
    Current Employee - Analyst in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Deutsche Bank full-time (More than a year)

    Pros

    Top institutional quality name brand, decent pay, great networking opportunities.

    Cons

    I realized the banking work style and day to day operations for an analyst isn't what I want to do. Lacking in benefits compared to tech.

    Advice to Management

    None.

  3. "Investment Banking"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Investment Banking Analyst in New York, NY
    Former Employee - Investment Banking Analyst in New York, NY

    I worked at Deutsche Bank (More than a year)

    Pros

    Friendly culture, steep learning curve

    Cons

    recent bad performance, glass ceiling for female bankers


  4. "Administrative Assistant"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Administrative Assistant in New York, NY
    Current Employee - Administrative Assistant in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Deutsche Bank full-time (Less than a year)

    Pros

    Plenty of movement. Plenty of change. Good people. Not a stuffy corporate environment. Good work/life balance. Do your time and start looking to move into another dept. early if that’s your end goal.

    Cons

    Technology very outdated, things take a long time. Very process driven. One or two toxic people in upper management. These people cause tension in the team.

    Advice to Management

    You should excuse the toxic people from the bank. Even if they’ve been around for a long time. Sometimes they are NOT a role model and do not represent what the future plans are.


  5. "Typical slow moving bank."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Software Engineer in New York, NY
    Former Employee - Software Engineer in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Deutsche Bank full-time (More than a year)

    Pros

    The work environment is friendly for the most part.

    Cons

    Working in technology.. things move sloooooowly.


  6. "Vice President"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Vice President in New York, NY
    Former Employee - Vice President in New York, NY
    Recommends
    Neutral Outlook

    I worked at Deutsche Bank full-time (More than a year)

    Pros

    Excellent firm great benefits

    Cons

    Multiple layers of management

    Advice to Management

    Make processes more streamlined


  7. "Satisfactory"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Analyst in New York, NY
    Current Employee - Analyst in New York, NY
    Recommends
    Neutral Outlook
    No opinion of CEO

    I have been working at Deutsche Bank full-time (More than a year)

    Pros

    Global platform and global reach

    Cons

    Technology is slow to adapt to changing times

    Advice to Management

    Invest more in technology

  8. "Company is heading in the right direction."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Vice President in New York, NY
    Current Employee - Vice President in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Deutsche Bank full-time (More than 10 years)

    Pros

    Opportunity to move roles and take on more responsibilities are available. Employees resource groups are great. Resources for professional development are available.

    Cons

    No differentiation in pay for great performers. Building is outdated (60 Wall). Infrastructure (technology) is outdated and behind par with peers.

    Advice to Management

    Reward employees when they perform, clean out bad performers.


  9. Helpful (1)

    "Toxic Environment"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in New York, NY
    Former Employee - Anonymous Employee in New York, NY
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I worked at Deutsche Bank full-time (More than 10 years)

    Pros

    Many strong industry experts to learn from.

    Cons

    no room for career advancement. too many broken processes


  10. Helpful (6)

    "Swing and miss approach to banking"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Vice President in New York, NY
    Former Employee - Vice President in New York, NY
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Deutsche Bank full-time (More than 5 years)

    Pros

    Flexible work arrangements
    Solid mobile options (dbiOS)
    Ability to own huge books of work (because no one else wants them)

    Cons

    Firm claimed no bonuses would be paid (then paid billions in "retention packages" to certain employees) - we all get to suffer for the sins of a few
    Garbage performance compared to peers
    Massively hampered by EU / German-specific regs while American peers eat our lunch

    Advice to Management

    Stop the hand-wringing and the platitudes and commit to actual, effective change. No one wants yet another buzz-word or initiative that will be abandoned or scaled back quietly in six months time. Everyone wants a title and responsibility but no one wants to be accountable. Risk has brought in senior MDs from other European banks who have not made a single bit of difference other to increase the cost base and the red tape. US employees are treated like the help while the pompous Brits and pedantic Germans continue to do things the same old way with the same old results. Take a lesson from your US peers.


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